Capital Structure, CEO Dominance, and Corporate Performance

We use agency theory to investigate the influence of CEO dominance on variation in capital structure. Due to agency conflicts, managers may not always adopt leverage choices that maximize shareholders' value. Consistent with the prediction of agency theory, the evidence reveals that, when the C...

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Bibliographic Details
Main Authors: Pornsit Jiraporn, Pandej Chintrakarn, Yixin Liu
Other Authors: Pennsylvania State University
Format: Article
Published: 2018
Subjects:
Online Access:https://repository.li.mahidol.ac.th/handle/123456789/13874
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Institution: Mahidol University